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BSP cases filed against Legacy Group
The Bangko Sentral ng Pilipinas (BSP) has filed with the Department of Justice (DOJ) five cases against several officers and affiliates of the Legacy Group. Celso de los Angeles was named as respondent in three of the five cases. Several undercapitalized banks under the Legacy Group folded up in 2008. In its investigations, the BSP learned that the funds in these banks were siphoned off using fictitious loans.
DATE | RESPONDENTS | CHARGES | BANKS INVOLVED |
January 5, 2009 | 16 officers, employees and agents of Legacy Group: from Rural Bank of Parañaque: Virgilio Odejar, President Emilio J. Aguinaldo IV, Private Individual Vendor from Rural Bank of San Jose (Batangas) Inc.: Zacarias A. Carticiano, President Noe B. Indonto IV, Private Individual Vendor from Dynamic Bank (Rural Bank of Calatagan, Batangas) Inc.: Geminiano T. Noche, President/Manager Danilo D. Consul, Branch Manager Desiree A. Dimayuga, Bookkeeper Shellane Angat, Private Individual/Agent Roy Milario, President, Fusion Capital Corporation from RB of DARBCI: Romarico B. Tañedo, Manager Phoebe Babor, Cashier Alexander A. Doctor, Compliance Officer Jacqueline M. Araneta, Accountant Joey C. Corpus, Loans Officer Haidee P. Manila, Assistant Cashier Michelle G. Ligtas, Loan Encoder | 49 counts of falsification of public and commercial documents, plus one case each of false reporting and false statement | - kidnapped in Zamboanga City |
February 6, 2009 | 18 officers, employees and agents of four rural banks belonging to the Legacy Group: from RB Parañaque: Virgilio A. Odejar, President Marcos G. Ong, Vendor from RB of San Jose, Inc.: Zacarias A. Carticiano, President Teodora E. Comple, Officer-in-Charge Jose Girlo P. Caramat, Compliance Officer Roy Hilario, President, Fusion Capital Corporation from RB of DARBCI Inc.: William Escalante, President Romarico B. Tanedo, Manager Phoebe S. Babor, Cashier Jacqueline M. Araneta, Accountant Joey C. Corpuz, Loans Head Filomena Duhaylungsod, Loan Officer Rebecca Corpuz, Agent Enrique Sillo, Agent Joy Melody Narvaez, Agent Perfecto Narvaez, Agent from Bank of East Asia: Ernest Q. Jurado, Sr. , President Jerry Piape, Agent | 116 counts of falsification of public and commercial documents plus 2 counts of false statements | Rural Bank of Parañaque, Rural Bank of DARBCI in South Cotabato, Rural Bank of San Jose in Batangas, and Bank of East Asia |
February 26, 2009 | Celso de los Angeles Jr., and other officers of the Legacy Group and affiliated companies: Alexis Petralba, consultant of Celso delos Angeles; Namnama Pasetes, Chief Finance Officer of Legacy Consolidated Plan, Inc. (LCPI); Carolina Hinola, Chief Executive Officer of LCPI; Roy Hilario, President of Fusion Capital Corporation; Bruce Rafanan, Hilario’s assistant; Virgilio Odejar, President of Rural Bank of Paranaque; John Does and Jane Does | syndicated estafa | Rural Bank of DARBCI (involves P1 billion worth of deposits and investments) |
March 6, 2009 | Celso de los Angeles Jr., and other officers of the Legacy Group and affiliated companies: Alexis S. Petralba; Namnama D. Pasetes; Carolina G. Hiñola; Roy Hilario; Virgilio A. Odejar; Atty. Christine Antenor Cruz-Limpin; Atty. Norman Tiongson; Atty. Victoria “Binky" Noel; Arnel Sulquiano; Ronaldo Alix; Mike Basangan; and John Does and Jane Does | syndicated estafa | First Interstate Bank/ Rural Bank of Kananga, Leyte (involves at least P487 million worth of deposits and investments) |
March 24, 2009 | Celso de los Angeles Jr., and other officers of the Legacy Group and affiliated companies: Alexis S. Petralba; Namnama D. Pasetes; Carolina G. Hiñola; Roy Hilario; Virgilio A. Odejar; Atty. Christine Antenor Cruz-Limpin; Atty. Norman Tiongson; Atty. Victoria “Binky" Noel; Arnel Sulquiano; Ronaldo Alix; Mike Basangan; Rommel L. San Pedro; Francisco Uy Lim; Josephine M. Guevarra; Levy K. Trijo; Sofia M. Aleli; John Does and Jane Does | syndicated estafa | Rural Bank of Bais, Inc. (involves P500 million worth of deposits and investments) |
